Russian trade in goods with Austria in Q4 2017

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia

The Report on Russia’s foreign trade in goods with Austria in the fourth quarter of 2017: exports, imports, products, dynamics.

Russia’s Trade with Austria

In the 4th quarter of 2017, Russia’s trade with Austria totaled $1,375,056,504, up 47.24% ($441,181,717) from the 4th quarter of 2016.

Russia’s exports to Austria in the 4th quarter of 2017 totaled $734,744,781, up 75.77% ($316,736,231) from the 4th quarter of 2016.

Russia’s imports from Austria in the 4th quarter of 2017 totaled $640,311,723, up 24.12% ($124,445,486) from the 4th quarter of 2016.

Russia’s trade balance with Austria went from a deficit of $97,857,687 in the 4th quarter of 2016, to a surplus of $94,433,058 in the 4th quarter of 2017.

Austria was Russia’s 28th largest trading partner in the 4th quarter of 2017 (up from 33rd in the 4th quarter of 2016), accounting for 0.8227% of Russia’s total trade (up from 0.6853% in the 4th quarter of 2016).

Austria was Russia’s 33rd largest export market in the 4th quarter of 2017 (up from 42nd in the 4th quarter of 2016), accounting for 0.7143% of Russia’s total exports (up from 0.4986% in the 4th quarter of 2016).

Austria was Russia’s 24th largest supplier in the 4th quarter of 2017 (up from 25th in the 4th quarter of 2016), accounting for 0.9961% of Russia’s total imports (up from 0.9839% in the 4th quarter of 2016).

Russia’s Exports to Austria

The major share of Russian exports to Austria in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

Mineral products (HS codes 25-27) - 93.81% of Russia’s total exports to Austria (90.98% in the 4th quarter of 2016);

Metals and products from them (HS codes 72-83) - 2.27% of Russia’s total exports to Austria (2.88% in the 4th quarter of 2016);

Wood and wood products (HS codes 44-49) - 1.37% of Russia’s total exports to Austria (2.27% in the 4th quarter of 2016);

Chemical products (HS codes 28-40) - 0.92% of Russia’s total exports to Austria (1.63% in the 4th quarter of 2016);

Machinery, equipment and vehicles (HS codes 84-90) - 0.88% of Russia’s total exports to Austria (1.04% in the 4th quarter of 2016).

The largest gains in Russia’s exports to Austria in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $18,128,798;